Productivity and Wellbeing | Wellbeing Training

Are you concerned about the level of productivity that is being achieved in your organisation?

Many similar organisations are, because in the simplest terms, increased productivity equals greater profit. It is well documented that UK workers are often the least productive in Europe and that productivity has flat lined in the last decade. The Office for National Statistics estimates that productivity is still 16.6% lower than expected, consequently, it makes perfect business sense to focus on productivity.

The trend of decreased productivity has also been the story in the United States. Despite more people being in work, productivity has not risen in a decade.

Many organisations focus upon production methods and processes yet still do not achieve the level of productivity of our international competitors. Productivity can be challenging to measure in some industries, for instance in the service sector.

One of the aspects of productivity that is either overlooked or considered too difficult to tackle is employee absenteeism. Whatever your primary business is, be it healthcare, education or manufacturing, absenteeism is the most objective method of measuring productivity.

If an employee is absent, obviously they are unproductive. It is calculated that the direct expenditure of absenteeism costs UK employers in the order of £554 - £835 per employee per annum and it is forecast that indirect expenditure doubles these figures.

Productivity and well-being are inextricably linked. Organisations in the UK such as the National Health Service and Local Authorities are starting to consider how to best foster and cultivate this relationship.

For instance, the NHS Five Year Forward View places an emphasis on employee well-being through decreasing absenteeism and rewarding trusts that increase well-being.

There is no better time to discuss with Workforce Productivity and Well-Being Consultancy how your organisation can be at the forefront of the well-being transformation.